My Trader Coin Review – Huge Scam Or Legit System?

My Trader Coin ReviewAll around the internet, My Trader Coin has been getting lots of buzz.

It would not surprise me if you told me you’ve heard of it, or someone has pitched it to you.

It’s also really popular on social media.

This first thing you should know is that I am NOT an affiliate or distributer for My Trader Coin.

Is My Trader Coin truly a scam?

Can you build a solid business with My Trader Coin?

I have gathered all the details about My Trader Coin so you can make an informed decision.

I’ll tell you everything you need to know in my Review Of My Trader Coin.

Let’s get started.

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What The Heck Is My Trader Coin?

In the case of My Trader Coin, the company makes a rather lackluster first impression with its official website.

You won’t find any information here in regards to who owns the company, where it’s located, or when it was first founded. This sort of data is extremely important to have a solid understanding of whenever dealing with a new opportunity like this, and the lack of it here is troubling to say the least.

After going through Alexa rankings for the My Trader Coin website, I was able to see that the largest sources of traffic include the following —

  • Ecuador — 25% of site traffic
  • Brazil — 19% of site traffic
  • Spain — 15% of site traffic
  • United States — 14% of site traffic
  • Dominican Republic — 11% of site traffic

All of this information coincides nicely with the official languages of My Trader Coin’s site being that of English, Spanish, and Portuguese, and it’s also quite likely that whoever is behind the company is based out of one of the above areas.

Following even more digging and more research, I discovered that someone by the name of Andre Feitosa is listed as the “top leader” for My Trader Coin.

Andre Feitosa is also apparently acquaintances with Sann Rodrigues — a man that’s been involved with the MLM underbelly since iFreeX win the beginning of 2015.

At one point in 2016, Feitosa was seen doing some promoting for another company by the name of Bit Trader Banking. Both My Trader Coin and Bit Trader Banking feature very similar compensation plans, so it’s obvious that Feitosa took some inspiration from his past ventures when launching My Trader Coin.

Bit Trader Banking looks to have collapsed around February of this year, and with My Trader Coin getting things started in March, it’s quite obvious that the company is acting as nothing more than a reboot of Bit Trader Banking.

My Trader Coin Scam

What Are The My Trader Coin Products?

Similar to Bit Trader Banking, there aren’t any goods or services available for retail customers to purchase.

Affiliates for My Trader Coin have nothing other than the affiliate membership to try and sell to people that are looking for a new income opportunity, and this whole lack of a product line is never a good sign with multi-level marketing.

If and when someone does decide to join My Trader Coin, they are then given access to a social network by the name of “AliveApp.” I also found mention of a cryptocurrency called “LifeCoin”, and although there isn’t a whole lot of detail as to what this currency actually is, it doesn’t appear that it or the AliveApp have anything to do at all with the compensation plan that I’m about to talk about now.

What About The Compensation Plan For My Trader Coin?

As an affiliate for My Trader Coin, your time will be spent investing real money into the company with the hopes of earning an ROI that’s paid for a total of 300 days.

There are multiple plans to choose from, and they work out as follows —

  • Plan 100 — Affiliates spend $100 in order to get $1/day for a total ROI of $300
  • Plan 500 — Affiliates spend $500 in order to get $6/day for a total ROI of $1800
  • Plan 1K — Affiliates spend $1000 in order to get $12/day for a total ROI of $3600
  • Plan 5K — Affiliates spend $5000 in order to get $56/day for a total ROI of $16,800
  • Plan 10K — Affiliates spend $10,000 in order to get $112/day for a total ROI of $33,600
  • Plan 50K — Affiliates spend $50,000 in order to get $550/day for a total ROI of $165,000

In addition to these ROI payments, affiliates for My Trader Coin also have the ability to earn a 20% referral commission that’s paid based off of how much money any personality recruited affiliates of yours join and invest into My Trader Coin.

However, it’s worth keeping in mind that all members are also faced with a fee of 10% their investment that can only be paid through bitcoin.

What’s The Cost Of Joining My Trader Coin?

In order to join My Trader Coin, you’ll need to invest a minimum of $100 and as much as $50,000.

With this particular opportunity, choosing to invest more and more will maximize your overall earning potential within the compensation plan.

So, Is There A My Trader Coin Scam Going On?

Have you heard that My Trader Coin is a scam?

It’s hard to tell if this is true or not, because a lot of people are just trying to sell you something.

So, from reading this, is My Trader Coin a scam or is it legit?

I would say not exactly, but there are a few things to watch out for, find out what in the conclusion.

Learning about these things will make you successful – and see below for my FREE training on how to market yourself.

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Finally, My My Trader Coin Review And Conclusion!

To wrap up this review, it should be pretty clear that My Trader Coin is operating as nothing more than a Ponzi scheme.

Individuals join the opportunity by investing money and are then paid some magical ROI. My Trader Coin says that “Our unique investment system analyzes the best opportunities in the market, offering highly profitable investments to our affiliates”, but this is complete garbage.

My Trader Coin claims to be generating the ROI through the trading of cryptocurrency, but there’s absolutely no evidence to back this up.

The only source of income that’s present is that of affiliate investments, and this money is then turned around and used to pay ROIs that are owed to existing members.

That’s the prime making for any Ponzi scheme, and like all other ones that have come before My Trader Coin, the company will eventually collapse once investment activity slows to a crawl.

The nature of the compensation plan will see Feitosa earning the lion’s share of all the cash that’s invested, whereas most everyone else will end up losing out.

Did you find this My Trader Coin Review useful?

I wanted to gather all the details for you, because I have noticed other My Trader Coin reviews have been scant on details.

If you decide to proceed with My Trader Coin, I want you to be successful.

Get my free training that teaches you my methods.

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